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Explain what the short is--run effect of a fiscal contraction (lower government spending for example?
What happens to the nominal wage rate during the process of moving from short-run equilibrium to long run equilibrium?
What about real wage rate
If the CPI equaled 1.30 in 1990, 1.69 in 2000, and the nominal income of agricultural workers was $35,000 in 2000, what was the average nominal income of agricultural workers in 1990?
One way to reduce the amount consumers spend on health care is to raise the price of health care by increasing the health insurance copayment
a corporation purchased a machine for 60000 five years ago. it had an estimated life of 10 years and an estimated
For many corporations, a major portion of the cost of production is fixed in the short run. Should these very large fixed costs be ignored when the executives are making output and pricing decisions?
consider a solow economy that is on its balanced growth path. assume for simplicity that there is no technological
In both oligopoly markets and monopolistic competition with differentiated products Select one: There is easy entry and exit. Economic profits may be earned in the long run
Calculate the correlations between life expectancy and the two measures of GDP per person
How does a decrease in demand for movie tickets affect equilibrium in the market for movie tickets and what is the marginal cost of producing the second car?
the kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below. compute the
Describe both free and restricted trade. What do you feel are the benefits and the cost to having free trade? What are the benefits and cost to having restricted trade?
governments worldwide are turning to protectionism to cope with economic problems imposing tariffs and subsidies on
A die is loaded in such a way that number 6 is twice as probable to occur as each of the other five numbers. Show that this experiment satisfies three axioms of probability.
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